Currency Analyst since 2010

USD/CHF: trade possibility

USD/CHF recoiled up from the support line connecting February and June lows around $0.9175. The pair’s currently trying to overcome resistance at 0.9280/90. We think that US dollar has a good chance of rising higher, so one can try buying around 0.9260 targeting the 200-day MA at 0.9355.

Resistance is at 0.9332 (August 5 high). On the downside important support is located at 0.9225. USD will retain bullish chances until it trades above this level.

Chart. Daily USD/CHF

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